Effect of security interest on bank's rights and duties with respect to deposit account.

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57A-9-341. Effect of security interest on bank's rights and duties with respect to deposit account.

Except as otherwise provided in §57A-9-340(c), and unless the bank otherwise agrees in an authenticated record, a bank's rights and duties with respect to a deposit account maintained with the bank are not terminated, suspended, or modified by:

(1)The creation, attachment, or perfection of a security interest in the deposit account;

(2)The bank's knowledge of the security interest; or

(3)The bank's receipt of instructions from the secured party.

Source: SL 2000, ch 231.


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